Business EconomyPosted at: May 21 2019 4:16PM

Muthoot Finance launches personal loan scheme for salaried people

New Delhi, May 21 (UNI) Gold finance company Muthoot Finance Ltd on Tuesday announced the launch of personal loans for salaried people in Delhi-NCR region.
Under the scheme, Muthoot Finance will disburse loans from Rs 1 lakh to Rs 10 lakh at an interest rate ranging from 13.5 per cent to 23 per cent per annum to salaried class only, its Executive Director George Muthoot Alexander said here.
He said the working population typically in the age group of 24-58 years and engaged in private, state or central government services can avail the loan for tenure of 1- 5 years as a solution to their financial needs.
Customer would be evaluated based on their credit history, KYC checks and CIBIL score, he added.

Mr Alexander said: “The loan scheme was launched after it was felt that our existing clients are taking other finance companies’ services for personal loans. Under the scheme, the loan can be availed with minimum documentation and will be disbursed within 48 hours.”
This loan facility was already available in Southern region and is now available in all Delhi- NCR regions and would be launched across North in following months.

At end of March, 2019, the Muthoot Group current Assets Under Management (AUM) stands at Rs 38,303 crore.
UNI SW SHK1616

Please log in to get detailed story.

Tags: #Muthoot Finance launches personal loan scheme for salaried people

Muthoot Finance launches personal loan scheme for salaried people

Regulations to become more stringent, demanding in coming years : CUB MD

Arun Alagappan appointed Executive Chairman of Coromandel International

ACC net jumps 300 pc to Rs 945 cr in Q4; Dividend at Rs 7 50 per share

KOLKATA, APR 25 (UNI):- BJP Barrackpore Lok Sabha candidate Arjun Singh during election campaign, in Kolkata on Thursday. UNI PHOTO-116U

BENGALURU, APR 25 (UNI):- Polling officials are preparing for tomorrow's polling for the 2nd Phase General Elections-2024 at St. Thomas Public School, Church Road, Thippasandra, Indiranagar, in Bengaluru on Thursday. UNI PHOTO-114U

RANCHI, APR 25 (UNI):- Health workers sanitise the village after an outbreak of H5N1 Influenza Bird Flu at Hotwar, in Ranchi on Thursday. UNI PHOTO-113U

BENGALURU, APR 25 (UNI):- Polling officials preparing for tomorrow's polling for the 2nd Phase General Elections-2024 at St. Thomas Public School, Church Road, Thippasandra, Indiranagar, in Bengaluru on Thursday. UNI PHOTO-112U

GIRIDIH, APR 25 (uni):- Kalpana Soren, the candidate from Jharkhand Mukti Morcha (JMM) party for Gandey Assembly constituency, spouse of Ex-CM of Jharkhand Hemant Soren, has been announced officially for the Gandey MLA by-poll under Giridih district of Jharkhand on Thursday. UNI PHOTO-111U

RANCHI, APR 25 (UNI):- Health workers sanitise the village after an outbreak of H5N1 Influenza Bird Flu at Hotwar, in Ranchi on Thursday. UNI PHOTO-110U

PALAKKAD, APR 25 (UNI):- Polling officials team on the way to their respective polling booths by carrying the EVMS and elections materials to conduct the second phase of Lok Sabha polls scheduled on April 26 from the distribution center at Vyasa Vidhya Peedom in Kongad, on Thursday. UNI PHOTO-109U

WAYANAD, APR 25 (UNI):- Polling officials team on the way to their respective polling booths by carrying the EVMS and elections materials to conduct the second phase Lok Sabha polls scheduled on April 26 from the distribution center at Chungathara Marthoma HSS in Wandoor, on Thursday. UNI PHOTO-108U

WAYANAD, APR 25 (UNI):- Polling officials team on the way to their respective polling booths by carrying the EVM and elections materials to conduct the Lok Sabha polls elections scheduled on April 26 from the distribution center at St. Marys College, Sulthan Bathery, on Thursday. UNI PHOTO-107U

RANCHI, APR 25 (UNI):- Health workers sanitise the village after an outbreak of H5N1 Influenza Bird Flu at Hotwar, in Ranchi on Thursday. UNI PHOTO-105U

VIJAYAWADA, APR 25 (UNI):- Union Minister Piyush Goyal calls on Telugu Desam Party chief and former Chief Minister of Andhra Pradesh N Chandrababu Naidu at his residence at Undavalli near Vijayawada on Thursday. UNI PHOTO-104U

VIJAYAWADA, APR 25 (UNI):- Union Minister Piyush Goyal calls on Telugu Desam Party chief and former Chief Minister of Andhra Pradesh N Chandrababu Naidu at his residence at Undavalli near Vijayawada on Thursday. UNI PHOTO-103U

RANCHI, APR 25 (UNI):- Hockey India General Secretary Bhola Nath Singh addressing a press conference ahead of the launch of the National Women's Hockey Championship at Marang Gomke Jaipal Singh Munda Astro Turf Hockey Stadium, in Ranchi on Thursday. UNI PHOTO-102U

RAMGARH, APR 25 (UNI):- Dr.Vimal Kumal, the Superintendent of Police with other officers and seized illegal foreign liquors addressing media-persons with an arrested person during a press-conference in Ramgarh SP office in Ramgarh, Jharkhand on Thursday. UNI PHOTO-106U

KOZHIKODE, APR 25 (UNI):- Polling officials collecting the EVMs and other election related materials to conduct the second phase Lok Sabha polls on April 26, from the distribution centre at Malabar Christian College, on Thursday. UNI PHOTO-101U

KOZHIKODE, APR 25 (UNI):- Polling officials waiting to collect EVMs and other election related materials at the distribution centre for the second phase Lok Sabha polls, at Memunda Higher Secondary school, on Thursday. UNI PHOTO-100U

NEW DELHI, APR 25 (UNI):- (Infographic) - Lok Sabha Election: Phase-II. UNI GFX-1U

BANGALORE, APR 25 (UNI):- Polling officers carrying Electronic Voting Machine (EVMs)/ Ballot unit and other election related material for the 2nd Phase General Elections 2024 at BBMP PU College, Chamrajpet, in Bangalore on Thursday. UNI PHOTO-99U